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LOS ANGELES (CNS) - The Securities and Exchange Commission announced Friday that Calabasas-based Cheesecake Factory Inc. will pay a 5,000 penalty for making "false or misleading" disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition.This is the first time the SEC has brought allegations against a public company for misleading investors about the financial effects of the pandemic.According to the SEC's order, the Cheesecake Factory restaurant group said in regulatory filings in March and April that its eateries were "operating sustainably," while failing to disclose that the company was losing roughly million in cash per week and had just 16 weeks of cash remaining.The order finds that although the company did not disclose the information in its filings, the group did share the particulars with potential private equity investors or lenders as it sought additional liquidity during the public health crisis.Without admitting the SEC's findings, the restaurant company agreed to pay the penalty and to cease-and-desist from further violations of the charged provisions. In determining to accept the settlement, the SEC said it considered the cooperation afforded by the company.A Cheesecake Factory representative pointed to a disclosure form filed Friday in which the company stated it was in full compliance with the cease- and-desist order and that the company "fully cooperated with the SEC in the settlement" without admitting or denying the regulators' allegations.The order also finds that although the March filing described actions the company had undertaken to preserve financial flexibility during the pandemic, it failed to disclose that Cheesecake Factory already had informed its landlords that it would not pay rent in April due to the impacts that COVID- 19 inflicted on its business."During the pandemic, many public companies have discharged their disclosure obligations in a commendable manner, working proactively to keep investors informed of the current and anticipated material impacts of COVID-19 on their operations and financial condition," SEC Chairman Jay Clayton said. "As our local and national response to the pandemic evolves, it is important that issuers continue their proactive, principles-based approach to disclosure, tailoring these disclosures to the firm and industry-specific effects of the pandemic on their business and operations. It is also important that issuers who make materially false or misleading statements regarding the pandemic's impact on their business and operations be held accountable."Cheesecake Factory had notified its landlords that it wouldn't pay rent on April 1 due to financial complications stemming from the coronavirus outbreak. A letter sent by Chief Executive David Overton to the restaurant group's landlords -- many of which are shopping mall operators -- was released publicly in March by Eater L.A.The company has 294 restaurants in North America, 39 in California and five in San Diego County.Its largest landlord is Indianapolis, Indiana-based real estate company Simon Property Group, which provides space for 41 Cheesecake Factory locations, according to the San Fernando Valley Business Journal."When public companies describe for investors the impact of COVID-19 on their business, they must speak accurately," said Stephanie Avakian, director of the SEC's Division of Enforcement. "The Enforcement Division, including the Coronavirus Steering Committee, will continue to scrutinize COVID- related disclosures to ensure that investors receive accurate, timely information, while also giving appropriate credit for prompt and substantial cooperation in investigations." 3725

LOS ANGELES (AP) — Scarlett Johansson and Colin Jost have tied the knot a year after engagement. Meals on Wheels America announced Thursday on Instagram that Johansson and Jost married over the weekend in an intimate ceremony. The post said the couple's wedding followed the COVID-19 safety precautions as "directed by the CDC." The organization added that the couple's wish was "to help make a difference for vulnerable older adults during this difficult time by supporting Meals on Wheels."The actress and "Saturday Night Live" star got engaged in 2019 after dating two years. Johansson, 34, was previously married to actor Ryan Reynolds and journalist Romain Dauriac. She and Dauriac share a daughter named Rose, who was born in 2014. This is the first marriage for the 38-year-old Jost, who is the co-anchor of "SNL's" Weekend Update. 846

LOS ANGELES (AP) — The 16-year-old boy who fatally shot two fellow students and wounded three others last week at a Southern California high school used an unregistered, untraceable “ghost gun,” Los Angeles County Sheriff Alex Villanueva said Thursday.Villanueva told media outlets that Nathaniel Berhow’s .45 caliber, 1911-model replica semi-automatic pistol was assembled from gun parts and did not have a serial number.Such weapons are a growing problem for law enforcement around the country because the parts are easy to obtain and the guns take limited expertise to build. In Southern California, federal authorities say one-third of all the firearms seized are ghost guns.California has among the strictest gun laws in the country, but they are based on traditional firearms that are made by manufacturers and labeled so ownership can be traced.RELATED: Santa Clarita high school shooting: 2 killed, 3 hurt; suspected shooter in 'grave' condition"Congress and state legislatures enact all these crimes about gun registration but now the gun industry is creating a way to just bypass the entire thing by creating a mechanism to manufacture weapons yourself," Villanueva said.It’s legal to purchase gun kits and assemble them at home. That method allows the purchaser, sometimes a minor or other person prohibited from owning firearms, to avoid background checks required to purchase ready-made guns from licensed dealers.Thomas Groneman, a detective sergeant with the Suffolk County Police Department in New York, said his agency built their own Glock-replica handgun from parts they ordered online as an experiment earlier this year.“It was ridiculously easy to do it,” he said. “It’s scary because anybody — convicted felons, people with psychological issues — can order it online.”RELATED: 'I'm scared': Students relive escape from Saugus High School shootingIn 2017, a Northern California gunman built his own rifles — despite a court order prohibiting him from having guns — and killed his wife and four others in a rampage.While hobbyists have long been able to use spare parts to create a firearm, modern technology has made it far easier to build a deadly weapon.Adam Winkler, a gun policy expert and professor at the University of California, Los Angeles, said that means more criminals will use them and it will be more difficult for police to solve crimes.“Anytime you can trace a gun, you have a little bit more information,” he said. “How did this gun get here? Who sold it, who was the gunmaker, who was the first person they sold it to and what happened?”Police don’t yet know where and when Berhow got the handgun he used to shoot students at Saugus High School in the Los Angeles suburb of Santa Clarita. As the school day was starting on Nov. 14, he pulled the gun from his backpack in an open-air quad and in 16 seconds shot five students at random, police said.RELATED: Santa Clarita school shooting victim named; Suspected gunman diesBerhow counted his rounds, saving the last bullet for himself, investigators said. He died from a head wound the next day.Anne Muehlberger, 15, and Dominic Blackwell, 14, were killed. The other three students were hospitalized and the last of them went home earlier this week.Berhow’s father was an avid hunter who died two years ago. He had six registered guns, but officials found several other unregistered firearms in the family home after the shooting and are working to determine their history.The sheriff said Berhow’s motive remains a mystery, even after investigators searched his home and interviewed 45 people. Berhow’s mother had no idea of her son’s plans, Villanueva said.Authorities said Berhow had shown no signs of violence and didn’t appear to be linked to any ideology or terrorist group. He ran cross country, was a Boy Scout and had a girlfriend.The sheriff’s department is working with federal authorities to unlock Berhow’s cellphone, Villanueva said. 3943

Looking to camp out on the couch and take down a show that will keep you up way too late and help you procrastinate from doing more important tasks? Here are five shows to stream.MOONBASE 8Premise: NASA's C-team of would-be astronauts struggles through a training mission in Winslow, Ariz.Stars: John C. Reilly, Fred Armisen, Tim Heidecker.Service: Showtime.Why it's impossible to stop watching: Reilly, Armisen and Heidecker make up a dynamic trio of dry, understated comedy. The show is filled with awkward laughs and unrepentant goofiness. The series debuts Nov. 8.EMILY IN PARISPremise: A Chicago marketing exec is transferred to Paris, where she tries to bring an American perspective to a set-in-its ways French firm and struggling to keep her social life alive.Stars: Lily Collins, Lucas Bravo, Ashley Park, Camille Razat.Service: Netflix.Why it's impossible to stop watching: Collins tackles the role of a lifetime with poise and charm, helping smooth over some of the irritating aspects of her Instagram-obsessed, privileged character. Snappy writing takes the story in unexpected directions, and a strong supporting cast of characters keeps things lively. The show makes you fall in love with the romance and culture of Paris.YELLOWSTONEPremise: A Montana rancher and powerbroker deals with political and cultural attacks on his familiar way of life in this modern-age Western.Stars: Kevin Costner, Kelly Reilly, Cole Hauser, Luke Grimes.Service: Peacock.Why it's impossible to stop watching: Costner anchors an excellent cast in this rough-hewn drama. With gorgeous Montana landscapes ever looming in the background, the characters connive against one another in ruthless, "Breaking Bad"-style escalations.CROSSING SWORDSPremise: A zany animated comedy stars Playmobil-style medieval toys that reach for wildly inappropriate laughs.Stars: Nicholas Hoult, Luke Evans, Seth Green, Tara Strong.Service: Hulu.Why it's impossible to stop watching: Following in the tiny, plastic footsteps of "Robot Chicken," the series revels in the absurd, keeping the jokes flowing in a constant patter. There may not be much to the story, but you'll be giggling too much to notice.TEHRANPremise: An Israeli agent is sent to infiltrate the deepest recesses of the Iranian government in order to disrupt its nuclear program.Stars: Niv Sultan, Shaun Toub, Liraz Charhi, Navid Negahban.Service: Apple TV+.Why it's impossible to stop watching: Nailing an authentic feel with its dialogue, setting and casting choices, the thriller radiates intensity. With echoes of "Homeland," the slow-burn drama ratchets up the tension throughout its run. The eight-episode season debuted in September and was scheduled to wrap up Oct. 30.This story was originally published by Phil Villarreal at KGUN. 2784

LOS ANGELES (AP) — James Redford, a filmmaker, activist and son of actor Robert Redford, has died. He was 58. Robert Redford’s publicist, Cindi Berger, said in a statement Monday that his 84-year-old father is mourning with his family during this “difficult time.” James' wife, Kyle, confirmed in an interview with The Salt Lake Tribune that her husband died Friday from bile-duct cancer in his liver. She posted on twitter "Jamie died today. We're heartbroken. He lived a beautiful, impactful life (and) was loved by many. He will be deeply missed. As his wife of 32 (years), I'm most grateful for the two spectacular children we raised together. I don't know what we wouldn't done (without) them over the past 2 (years)." 731

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